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Parcel delivery insurance is prohibited under section 57 – Consumer Rights Act – Read about It Here and in The Times.

happygoluckyboy

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  1. happygoluckyboy
    Thanks renegadeimp, can you elaborate on this? Reading the forums it appears most lenders pass the debt to a DCA who then offer reduced full and final settlement offers, is this incorrect? Can anyone shed any light on approx timescales for when this happens?
  2. happygoluckyboy
    The loan was taken out 18 month ago and the CC about 6 years ago. I've been paying debts with debts and can no longer manage as I've taken a large pay cut and a 40k share portfolio I own is now worth about 8k. My total debts to all creditors is around £45k, my credit rating is currently perfect but there is no longer any solution available to me that won't leave it ruined. A friend of mine found themselves in a similar situation 7 years ago (70k debt). One day they stopped paying creditors, all debts are now stat barred, they didn't pay a penny to any creditor. They did say that after a few years they started receiving F&F offers from each creditor, starting at around 40% off increasing to around 75% as the 6 year limit approached. If possible I intend to wait until the offers reach around 50% and pay in full. I'm just concerned about HSBC as my total debts to them is much larger than my other creditors.
  3. happygoluckyboy
    I owe HSBC 12K on an unsecured loan and 2k on a credit card. All payments are up to date and none have been missed. If I simply stopped paying these debts, would HSBC apply for CCJ to recover these costs, or would they be passed to a DCA who would eventually do this? Does anyone have an approx timescale of how long it would be before HSBC or a DCA actually started the CCJ process (as opposed to just sending threats) and also does anyone know if they would group these two debts together and manage them as one? Thanks in advance.
  4. happygoluckyboy
    Barclaycard sold debt to DCA who started going for a CCJ a few months back. I asked for CCA copy etc as my defence, advised I'm not sure where the debt originates etc (I have complicated debts from my past etc). The last payment I made was Oct 08, so I'm two months off it being state barred. My question is this, if they don't get me into court before Oct 14, will they consider the debt start barred, or will the judge think that because they started the proceedings and claim back in June, that it doesn't technically matter that it's been over six years since it was last acknowledged.
  5. happygoluckyboy
    Yes they approved the mortgage in principal.
  6. happygoluckyboy
    Yes. I can see they searched equifax. Shows as "unreported" on my file?
  7. happygoluckyboy
    So they cannot report to experian without ur permission. BG aren't part of the CCA so think they have unique rules and rights based on the gas act 86 which means anyone using the supply is legally bound to the ts and cs which state information will be shared with cras
  8. happygoluckyboy
    Thanks for your input guys. My 4 status will reach it's sixth birthday in October, so will try play this card at that point if needs be. For the time being, I'd rather have the 4 than the default on my credit report. In the mean time, I actually got a Mortgage AIP on Saturday and can see they have done a search on Equifax, so looks like the bank hasn't taken too much notice of my missed payments from so many moons ago anyway (maybe they had the brains to realise I've been squeaky clean for the past five years and give me a break!). .. Although I do realise they could still refuse the mortgage I'm surprised they agreed to the AIP as it was a premium deal with YBS at just 2.69%! Was thinking I'd maybe have to get a "sub prime" mortgage if I was unable to get the late payment markers removed.
  9. happygoluckyboy
    So shall I take it up with the ICO? Or email Barclaycard direct... on that note, it seems impossible to find an email address to complain to Barclaycard. I hate corresponding by post, I like the electronic trail and don't feel like a telephone call would get me very far.
  10. happygoluckyboy
    It's so frustrating. I was 18 at the time and just silly! I've been in the same job for the past 6 years have a good income for my age yet my credit score (not that its much to go on, is only 680) and this is the only negative info on there! I've been on electoral role at same address for 10 years. I should have a 999 credit score as far as I'm concerned! I know the experian score is not much to go by, but it's really putting my off applying for mortgages and just feel so hard done by! I have friends the same age that got cards at 18 and just never paid them. As such, they defaulted and now have a clean credit score!
  11. happygoluckyboy
    Thank you for your help. It's really appreciated. No there is no default. They're just late payment markers as follows... (0), (0),(1),(2),(3),(4),(0),(0),(0).. .it's then proceeded by zeros for two years. At this point I'd paid the card off and the account was closed. I was never on any repayment plan, they just cancelled my credit limit once I'd not made payment for four months and I then just made the minimum payments on the monthly statements they sent me. The statements all showed my credit limit as zero, the outstanding balance and the minimum payment due. I'd have been better off if I'd just been defaulted when they took away my credit limit. I've been advised the last 36 months of account history stay on file for 6 years, meaning the 1,2,3,4 statuses will be on there for up to 9 years.
  12. happygoluckyboy
    The questions is more surrounding their monthly reporting to Experian regarding the status of your account. I'm in a privately owned property and just find it bizzare that without ever speaking/signing a contract with a company, they have the legal right to report monthly information to the CRAs.
  13. happygoluckyboy
    I've just had a reply from checkmyfile.com, they've confirmed the late payment marker will be on file for up to nine years and will be viewable by other lenders. They've said this is compliant with ICO regulations. They said: Thanks for your message. Unfortunately late payments remain on file for 6 years once the account has been closed, so because the late payment markers were reported and then the account remained open for another two years, this will then mean that they will continue to have an effect for longer than 6 years. This is compliant with ICO regulations.
  14. happygoluckyboy
    There is no default. I had a default by natwest and this was removed, this is a late payment marker. It shows my account was 4 months in arrears. When I view my credit report, it states it's the exact same information creditors would see.
  15. happygoluckyboy
    The 4 status will be 6 years old in October. I have closed accounts with other companies, that all show the last three years history from the date the account closed. A lot of this is 6 or 7 year old information

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